Urban Outfitters posts in-line rise in quarterly profit

LONDON (MarketWatch) -- Urban Outfitters
URBN, -0.50%
said first-quarter ending April 30 net income rose to $29.4 million, or 17 cents a share, from $20.3 million, or 12 cents a share. As it previously announced, sales rose 16% to $314.5 million. Analysts polled by Thomson Financial expected the Philadelphia retailer to earn 17 cents a share. "We are encouraged by the customer reaction to our assortments so far this May, and based on these results, remain guardedly optimistic about achieving our modest financial plan in the second quarter," said Richard A. Hayne, Chairman and President, in a statement.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.